Toshifumi Kitamura | Afp | Getty Images
U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in the U.S., but which also risk sparking a multi-front trade war.
Trump later said he would give “great consideration” to Australia’s request for an exemption to the steel tariffs due to that country’s trade deficit with the U.S.
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